Refer to the Information Provided in Figure 20

question 128

Multiple Choice

Refer to the information provided in Figure 20.4 below to answer the questions that follow. Figure 20.4
-Refer to Figure 20.4.The demand and supply of pounds are D1 and S1.If the supply shifts to S2 and demand remains unchanged at D1

• A)the dollar depreciates and the equilibrium quantity of pounds increases.
• B)the dollar depreciates and the equilibrium quantity of pounds decreases.
• C)the dollar appreciates and the equilibrium quantity of pounds decreases.
• D)the dollar appreciates and the equilibrium quantity of pounds increases.

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